1st December 2022

  • Powell Signals Smaller December Hike Amid Hope for Soft Landing

Investors cheer lack of sharper-edged message from Fed chief

Sees plausible path to a soft, or ‘soft-ish’ economic landing

https://blinks.bloomberg.com/news/stories/RM6IZ8T1UM0X

  • Bond Traders Cut Expectations for How High Fed Rates Need to Go

Pricing suggests peak rate for this cycle will be below 5%

Treasuries rallied across the curve after Jerome Powell spoke

https://blinks.bloomberg.com/news/stories/RM6I49T0G1KX

  • Fed Says Economy Grew Slightly as Higher Rates Weigh on Outlook

Activity was ‘about flat or up slightly’ from prior report

Districts noted labor is still tight, inflation is slowing

https://blinks.bloomberg.com/news/stories/RM4H4PT0AFB4

  • Oil Fluctuates as Traders Look to China Shift, OPEC+ Meeting

Official behind Beijing’s strict virus controls softens stance

WTI eased toward $80 a barrel after rising for three sessions

https://blinks.bloomberg.com/news/stories/RM7ANVT0AFB4

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